Worldwide IT spending is now expected to decline 5.1% in constant currency terms during 2020 to $2.25 trillion, as the economic impact of the COVID-19 pandemic continues to drive down some categories of tech spending and short-term business investments, IDC reveals. IT spending in 2020 ICT spending, which includes telecom and business services, will decline by 3.4% this year to just over $4 trillion with telecom spending down 0.8%.

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